Listing ID: 79083
This long established building moving company specializes in moving, raising, shoring and leveling structures of all kinds, including post & beam, balloon, historical and conventional structures. The company is fully insured carrying general liability, structure insurance (which covers your house while it is being worked on) automotive, and workman’s compensation. Competitive rates. Serving multi-state clients. Construction materials including vehicles valued at approx. $400,000+/- included in the asking price.
Turnkey. Experience required.
- Asking Price: $375,000
- Cash Flow: $211,600
- Gross Revenue: $295,500
- EBITDA: N/A
- FF&E: N/A
- Inventory: $400,000
- Inventory Included: Yes
- Established: 1985
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
As needed / to be negotiated.
The business was established in 1985, making the business 37 years old.
The sale does include inventory valued at $400,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell companies. Nonetheless, the real factor and the one they tell you might be 2 totally different things. For instance, they may claim "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competition, current decrease in earnings, or a variety of other factors. This is why it is very crucial that you not count entirely on a vendor's word, yet instead, make use of the vendor's solution combined with your total due diligence. This will paint a much more practical image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses borrow money with the purpose of covering items such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that earnings margins are too tight. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be satisfied or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location bring in brand-new consumers? Most times, companies have repeat clients, which form the core of their everyday profits. Certain factors such as brand-new competition sprouting up around the location, roadway building and construction, as well as personnel turnover can affect repeat customers as well as negatively influence future profits. One vital point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the chance to build a returning consumer base. A last idea is the basic location demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? How might the local average household earnings impact future income prospects?